If a trust has two or more beneficiaries, the trustee shall act impartially in investing and managing the trust assets, taking into account any differing interests of the beneficiaries.
Mass. Gen. Laws ch. 203C, § 7
Two or more beneficiaries
Known as the Massachusetts Prudent Investor Act
The act spans §§ 203–203 (11 sections).
Official source: Massachusetts Legislature. Reproduced from public-domain Massachusetts statutes; confirm against the official source for the current text. Not legal advice.